FTX Calamity Could be the Last Crisis of the Bear Market, Says Cardano's Hoskinson

FTX Calamity Could be the Last Crisis of the Bear Market, Says Cardano’s HoskinsonAccording to Charles Hoskinson, FTX’s meltdown could indicate the bottom of the ongoing crypto winter.

Charles Hoskinson – Founder of the blockchain platform Cardano – thinks the turbulence around FTX and its native token – FTT – could be the last adverse event of the ongoing crypto winter. He finds it normal that the entire digital asset space was negatively affected by the news since Sam Bankman-Fried’s trading venue is among the leading entities in its field, and its crisis causes a “cascade through the cryptocurrency market.”While 2022 has not been kind to the crypto industry, things have even worsened in the past several days. Binanceto liquidate 23 million of its FTT tokens which caused the latter’s price crash.

Those setbacks triggered a massive collapse of the entire crypto market, whose capitalization plunged below $900 billion. Bitcoin, for one,

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More Losses For Tiger Global From Its FTX InvestmentTiger Global Management appears to have just taken another hit. The hedge fund headed by billionaire Chase Coleman has been among the most prominent investors in Sam Bankman-Fried’s FTX crypto exchange. I'm very jealous Chase has made about 6 billion in management fees since 2020 Is she grabbing his “unit” ?
Fuente: Forbes - 🏆 394. / 53 Leer más »

Binance strikes acquisition deal for non-U.S. unit of FTX.FTX_Official and Binance have struck a deal. It comes after IanAllison's scoop last week on SBF_FTX's liquidity issues. emilydparker joined CNBC to discuss the news and the lack of transparency we're seeing in the crypto sector. Check it out: FTX_Official binance ianallison SBF_FTX emilydparker CNBC They should update this picture lol FTX_Official binance ianallison SBF_FTX emilydparker CNBC IanAllison123 FTX_Official binance ianallison SBF_FTX emilydparker CNBC You guys are slower than internet explorer
Fuente: CoinDesk - 🏆 291. / 63 Leer más »